Dorchester Minerals, L.P. (NASDAQ:DMLP) Sees Significant Growth in Short Interest

Dorchester Minerals, L.P. (NASDAQ:DMLP) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 395,900 shares, a growth of 5.2% from the December 31st total of 376,300 shares. Based on an average daily volume of 107,700 shares, the short-interest ratio is currently 3.7 days. Currently, 0.9% of the shares of the stock are short sold.

Dorchester Minerals Trading Down 0.9 %

Shares of DMLP opened at $31.14 on Tuesday. The company has a market capitalization of $1.47 billion, a PE ratio of 11.20 and a beta of 1.07. The stock’s 50-day moving average price is $33.05 and its two-hundred day moving average price is $31.87. Dorchester Minerals has a 12 month low of $28.41 and a 12 month high of $35.74.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be given a $0.7394 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.50%. Dorchester Minerals’s dividend payout ratio (DPR) is currently 143.17%.

Insider Buying and Selling

In other news, insider Minerals Operating Dorchester acquired 954 shares of Dorchester Minerals stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of $33.19 per share, for a total transaction of $31,663.26. Following the transaction, the insider now directly owns 33,682 shares of the company’s stock, valued at approximately $1,117,905.58. The trade was a 2.91 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Leslie A. Moriyama purchased 3,218 shares of Dorchester Minerals stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the acquisition, the chief financial officer now owns 71,400 shares of the company’s stock, valued at approximately $2,327,640. The trade was a 4.72 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 41,152 shares of company stock worth $1,388,552. Company insiders own 7.10% of the company’s stock.

Institutional Trading of Dorchester Minerals

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Dorchester Minerals by 62.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares in the last quarter. LGT Financial Advisors LLC purchased a new stake in Dorchester Minerals in the 3rd quarter valued at about $166,000. MADDEN SECURITIES Corp bought a new stake in Dorchester Minerals during the third quarter worth $223,000. Apollon Wealth Management LLC bought a new stake in shares of Dorchester Minerals during the 4th quarter worth $228,000. Finally, Atomi Financial Group Inc. lifted its position in shares of Dorchester Minerals by 29.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after buying an additional 1,954 shares during the last quarter. Institutional investors own 19.21% of the company’s stock.

About Dorchester Minerals

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.